Jul 6, 2026 – 3.06pmHedge fund QVG Capital was ready to close its long-running short position in beleaguered Corporate Travel last month, but it just needed to find the right price.Earlier in the year, portfolio manager Josh Clark spent weeks playing cat and mouse to try and buy the shares from potential sellers who were offering to get rid of the travel stock at $1.50 a share – a massive 90 per cent discount to the price it last traded in August at $16.07. But Clark was adamant that it was still too high.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Writing on the wall’: Hedge fund covers Corporate Travel short at 50¢
QVG Capital bought back the stock at a 97 per cent discount, but a rival short-seller is offering to purchase the shares again for just 1¢ each.






